McCaffrey v. Pittsburgh Athletic Ass'n

Opinion by

Mr. Justice Eagen,

This appeal arises from a decree of the Court of Common Pleas of Allegheny County which denied equitable relief to appellants, all members of the Pittsburgh Athletic Association.

The gravamen of their complaint was that a certain bylaw purportedly passed at a meeting held November 14, 1967, which limited the transferability of certain membership certificates unlawfully deprived them of vested property rights.1 Secondarily it was contended *153that even if the questioned bylaw were found to he a proper exercise of corporate power, passage still had to be declared a…